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Tuesday, December 11, 2012

Social Media & Supply Chains


Social media monitoring can be used to predict when product surges may occur

Twitter

Some companies, such as electrical supplier RS Components, monitor search trends on their website to assess whether a certain type of component is beginning to become more popular with small orders - normally a sign that engineers may be working on prototypes which could lead to a big order down the line.
Other firms, particularly in fashion, monitor social networks to gain a handle on what is creating buzz - gaining early insight on products that may be about to face the Kate Middleton-effect.



http://www.bbc.co.uk/news/business-20668700

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